In China, 53% of vehicles sold are either electric or hybrid, a stark contrast to the 8% in the US. This difference is largely due to competitive pricing, with numerous EV brands offering affordable, high-quality options. Government incentives also play a significant role; for instance, in Beijing, trading in an old car for an EV can earn you a 10,000 RMB ($1,500) subsidy, recently doubled. Additionally, the availability of public charging and battery-swapping infrastructure is much more convenient in China.
The tech scene in China is also pivoting from electric vehicles to humanoid robots. Companies like Unitree are already selling models like H1 and G1, showcased at CES, with 65% of the humanoid supply chain based in China. This shift could potentially make robotics the next battleground in the US-China tech war, especially as US tariffs on Chinese goods increase. Despite skepticism about the practicality of humanoid robots in factory settings, there’s growing confidence in their deployment in China, particularly in sectors facing labor shortages due to an aging population.
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